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Overtown Land, 268 NW 11th St
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OFF MARKET
$25,000,000
Beds
1.52
Acre$16,447,368
$/AcreLand
This is an amazing opportunity in the booming location of Overtown. In the past 10 years Overtown has seen an influx of new developments including Soleste Grand Central, the Lyre House, and new low income/affordable housing and mixed use high rise projects. Brightline transportation and retail shops within walking distance. This property is currently being leased to multi-unit apartment complex that operate under a Low-Income Housing Agreement (LURA) with the Florida Housing Corporation. Zoning is T6-8-
L. The lessee pays the taxes and the lease expires in September 2055. There are 2 lots included (268 NW 11ST & 271 NW 10 ST). The total sf and acreage includes both lots. Income represented by owner.
MLS Number: F10354295
On Site: 1421 Days
Updated: 1417 Days ago
Page Views: 0
Features
All features
- Current Use: Commercial
- Approx SqFt Total Area: 66000
- Property SqFt: 66000
- Remarks: This is an amazing opportunity in the booming location of Overtown. In the past 10 years Overtown has seen an influx of new developments including Soleste Grand Central, the Lyre House, and new low income/affordable housing and mixed use high rise projects. Brightline transportation and retail shops within walking distance. This property is currently being leased to multi-unit apartment complex that operate under a Low-Income Housing Agreement (LURA) with the Florida Housing Corporation. Zoning is T6-8- L. The lessee pays the taxes and the lease expires in September 2055. There are 2 lots included (268 NW 11ST & 271 NW 10 ST). The total sf and acreage includes both lots. Income represented by owner.
- Internet Remarks: This is an amazing opportunity in the booming location of Overtown. In the past 10 years Overtown has seen an influx of new developments including Soleste Grand Central, the Lyre House, and new low income/affordable housing and mixed use high rise projects. Brightline transportation and retail shops within walking distance. This property is currently being leased to multi-unit apartment complex that operate under a Low-Income Housing Agreement (LURA) with the Florida Housing Corporation. Zoning is T6-8- L. The lessee pays the taxes and the lease expires in September 2055. There are 2 lots included (268 NW 11ST & 271 NW 10 ST). The total sf and acreage includes both lots. Income represented by owner.
- Waterfront: No info
- Days on Market: 4
- Compass Point: NW
- Office Name: Faith Properties, LLC
- Area: 66000
- Taxes: 81586
- Tax Year: 2021
- Listing Date: 2022-10-28T14:54:27.593-00:00
- Lot Size Square Feet: 66000
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
11/01/2022
Listed
$25M
$379 ft2
$4,077 m2
11/01/2022
$25M
Event
Listed
Price Per
$379 ft2
$4,077 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by LaShonne Liebman • Faith Properties, LLC • Buyer Agency Compensation .
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Scores
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